WAUKESHA - While many
Waukesha County homeowners think it's a good time to buy and sell a
house, most are waiting to sell their homes, according to a recent
regional real estate study.
Waukesha residents surveyed
in the 2017 Greater Milwaukee Association of Realtors consumer study
were twice as likely to say they were optimistic about the economy
than Milwaukee homeowners. But region-wide people said they are
waiting to see how things in Washington D.C. develop, including tax
policy, deducibility of mortgage interest and health care, according
to the report.
Half of respondents ranked a
four or five out of five that "I'm afraid of what is going on in
Washington D.C. right now."
Others are waiting because of
a recent remodel or to see if the market will increase the worth of
The report cites other
housing studies which show that house prices have risen recently and
show high demand, especially in first-time buyers looking for good
homes under $350,000.
The tight market for starter
homes in the greater Milwaukee area has brokers hoping that more
people decide to put their homes up for sale this year, which about
one in five of those surveyed said they are interested in doing. If
the six percent who said they are "very likely" to sell in the next
12 months follow through, there would be about 22,172 homes sales,
according to the report. Last year, there were just over 21,000 home
The survey reached 500
homeowners by phone or online across Milwaukee, Waukesha, Washington
and Ozaukee counties between May 16 and 18.